Eric Trump, the son of a sitting president in the US, has given relatively unexpected support. Ethereum (eth) Return to February 3rd. The Trump organization’s executive vice president is Posts Above x.
“In my opinion, it’s the best time to add $eth.”
This confidence vote came shortly after Donald Trump announced on February 4 that he would hold a press conference to discuss US strategic crypto sanctuaries. Soon after that there was 1,000 ETH Sent from Trump’s address In Coinbase Hot wallet.
At the time, both technical indicators and market sentiment were drawing optimistic pictures of Ethereum’s future prospects. But things didn’t pan out exactly as the Bulls liked.
Ethereum prices crash after Eric Trump’s support
On February 3rd, Ethereum had changed hands at a price of $2,862 when Eric Trump shared his bullish feelings. A day later, negligible 0.52% was closed for $2,877 after moving upside.
ETH prices have since been on a constant downward orbit, with the exception of some short-lived gatherings. Following President Trump’s latest tariff package, cryptocurrency market crashed, sweeping out some Valued at $300 billion. Ethereum, which has not performed the wider market, did not spare.
As of April 7 press, digital assets had changed hands at a price of $1,573, showing a 14.74% decline on the weekly chart, with annual (YTD) losses up to 52.87%.
So Ethereum’s price was 45.03% lower than when Eric Trump called it a good purchase opportunity, losing almost $1,300 in value. For reference, it means that the $1,000 investment given on his day of approval is now worth $549.
